|
. _,_:i�_; ... . _ _.r. _ .f:
<br /> ....+
<br /> `�' '
<br /> . .. _ _
<br /> '-___-t•_ _ '___ . _ _ ' ' _ ' _ ' . . .. " ' __. .--..__ .-__ --_
<br />" � . ,. , . _ r.""'�.` ..., .!, � � � .. ' . `.� _� - `. . . � ' ` ' ` ' � ' - � � =� � r f -
<br /> . . . � - . . ' � . " . , � . . . t . ' . � - • , . ` . .` . " ' . ,i?" - .
<br /> . � , - � - • . ' . . ' _ . , ' .� • - � �
<br /> � � ,`` . ' .. . . � , ' . • ` . _ _ � • .. . � . �' .. •r ' �.
<br /> ' . ' . . � . . - _ ' � . � . . , (: -
<br /> ' . , . ' • . . . . .. � . . � . � '; �C ` .
<br />_ . -` ` ;. ' . � . . . . .. _ ., .. , . �' �i . � . . < �� . . ` . 4 . ' . . .. ' .. � _ .. . ' . . :�� ... _ '<"G.. C j ,.
<br /> . - . . ' . . . . .
<br /> � . . . . . 98' 1C���'f . �
<br /> ' ,; ' � TOGETHER WITH all the impmvements nnw or hereafter erected on the property.and all�enienu.appurtenances.and ' ` '
<br /> z;� ..;; 5xtures now or here�fter a part of the pmperty. All replacements and additiens shatl also be covered by this Secuaty `�� , �,:. �'� .
<br /> Insaument All of the foregoing is referred to in this Security InstNment as the"Property.' I ,� �� ` `
<br /> � ,. � BORROWER COVENANTS that Borrower is lawfully seised vf the estate hereby conveyed and 6as the right to giant and � , _
<br /> _ . E _ �� � cornep the Property aad that the Properry is unenc�nbered.except for e�mbrdnces of record. Borrower wanants and will � _ - �_;
<br />�< , defend geaetaUy tIIe dde to the Propertp agains�t aIl clai.ms and demands.subject m any encumbrances of recoz+d. �' '���
<br />` THIS SECURITY INSCRiJMENT combines nnifomi covenants for national use aad nan-uniform covewwt�with l�ited . ,
<br /> - . , vaziatioas by jutisdiction to cons�titute a�uifo�security i�stmment covering real property. ::,,.,, :� .
<br /> � 1 UMFORM COVENANTS.Bomower and Leadec covenant and agme as follows: , .
<br /> . 1. Paymeut of Prtucipal and Intesest; Pr�payin�t aud Late Charges. Borrower sha11 prompdy pay when due tlte . - , . �
<br />- � grincipal of and interest on the debt evidenced by the Note and a�r prepayment and late sF�arges due ander the Note. � ;-. .
<br />,r. 2.�mds for Ta�es and Iasviance.Sabject to applicable law or to a wriueu vraiver by Lender, Borrower shall pay to . `�r.� `
<br /> - � I.ender on the daY montWy paymeIIts are dae under the Note,uniil the Note is paid in fWl,a s�m("Fuuds°)for.(a)yeuly taxes "
<br />`-�, - and assessmenrs which ma attain nori over this Secari In.suumeflt as a lien on the Pro earl lea�ehold ents ..,_r �.. :;�`_::°�
<br />-�° Y P �Y LY P�Y: (b)Y Y PaYm
<br /> ;• . . ` or ground�nts on the Property,if aanY:(C)YeaTly haz3[d or pmperty iI1SLranrg p���,5:(�Yeasly flood incnransf-premiums, . `
<br /> � � �. � . if any:(e)Yearly mortgag�insu:ance premiums,if any:and(fl anY�1mY�2e by Borrower w Lender, in accordance with � . -
<br /> '�� the pmvisions of P�S�Ph 8,in lien of the paqment of mortgage insviance premiums.These items are called'Escrow Iteais." ,.,,`;:<,_,.,_- -�=—
<br />— : Ixnder may,at aaf dme, collea and hold Funds in an amount not to excxed the maxim�amonnt a lender for a fed�rally .:.r:��:• -
<br /> ;�_ . related mortgage loan may m.quiie for Boimwer's escrow account nnder the federal Real Fstate Settlement Procednres Act of �.�� `�"": :.`��i�:
<br /> ��': . ••- 1974 as amended from dme[o time, 12 U.S.C. Secdon 2601 et sey. (°RESPA°),unless aaother law that applIes to the Fmcds _:.�;���;.;�:.
<br /> ,, . .
<br /> ' � sets a lesser amoant. If so, Lender may, at any time,caltect and hold Fvnds in an amount not to exceed the lesser aznount. .��; '_ •�'=�°
<br /> ' ��� .. Lender may�ate the amount of Funds due on the basis of cur�ent data and reasonable esamates of expenditures of futore _ r --
<br /> � ' Escrow Items or otheia�ise in accordance with applicable law. ., ����'
<br />_ - . �:: � The Fuads shail be held in an insdmtion whose deposits are insvred by a federel agency, insuumentatity, or endty ":
<br /> � "� (including Ixnder.if Lender is sach an institution)or in any Federel Home Loan Bank.Ixnder shall apply the Fwtds to pay the _ • �".'•,
<br /> - Escrow Items. Lender may not cbarge Bo�rower for holding and applying the Fands,a�aally analyzing the escrow accoun�or '
<br /> • � verifying the Escrow Items.unless Lender pays Bomower interest on the Fands and applicable law permits Lender to make such �. �;;�:,�:��;—
<br /> ., a charge. However,L,ender may require Eoirower w a a on�time cLarge for an ind endent real estate tax orting service � . r•.�-•-
<br />�,:;f ' P Y eP �P :r�;'„T: .
<br /> �, ' used by Lender in coIIaecdon with this loan, unless applicable law provides othe�urise. Untess an agreement is made or �, ,, �. ,° .
<br />_ ,` � applicable!aw requir�s interest to be paid,Lender shall not be required w pay Borrower auy interest or eamings on the Funds. ; :''r�?=•'�; ___.
<br /> '�� ' Borrovuer and Lender may agree in writing.however.that interest sball be paid ou the Funds.Lender shaU give to Eorrower. . :..�„_:.�j.�`=_
<br /> ,.:.
<br /> withont cbarge, an anunal accounang af the Funds. showing credits and debits to the Fands and the pwpose fos wluc�each _ ���-= �_ _
<br /> debit w We Fands vPas made.The Funds are pledged as additianal securiry for all sums secured by this Security Instrament.
<br /> • �- IF the Fuads held by Lender exceed the amounts permiaed to be hetd by applicable law.Lxnder shall account to Bonoarer `� -
<br /> for the excesS Funds in accordance with the requiremeats of applicable law. If the amaunt of the Funds held by Lender at any �'�
<br /> � ' time is not sufficient to pay the Escrow Items when due.Lendes may so notify Bottower in writing,and,in such case Borrower ` �'"�_ -
<br /> , . • shall pay to Lender the amouat necessary to make up the deficiency. Bonower shall make up the deficiency in no more thau ' �/ -�-
<br /> � ' twetve monthly payments.at Lender's sole discretion. '
<br /> , '� Upon payment in fiill of all s�ms seaued by dus Security Insuument, Lender shall prompdy refund to Boaower any '. . . ' 't?
<br /> Funds heW by Lender.If,under paragrapL 21,Lender shall acqaire or sell tfte Praperty.Lender,prior to the acqaisition or sale
<br /> ; of We Propeny,si�all apply any Funds held by Lender at the time of acquisidon or sale as a credit against the sums secured by � • ---.
<br /> _;:r, t111S SeCUTIty IbS�ent. .
<br /> . •�i 3.Appl�caHon of Paymeeatts.UWess applicable law provides otherwise.all payments received by Lender uader paragraphs ,. .
<br /> •• S S ,
<br /> .��; . � 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second.to amounts payable under parag�ph 2; , _ . �
<br /> . . third.to interest due;fourth.ca principal due;and last.to any late charges due under the Note. •. � ��� "
<br /> 4.Charges; LIeas.Borrower shall pay all taxes,assessments,charges, fines and imposidons acuibutable to the Property ';' `
<br /> _ . • � which may attain priority over tLis Securiry Insuument, and teasehold paytnents or ground rents.if any. Bonower shatl pay , . �
<br /> � these obligations in the manner provided in paragraph 2,or if not paid in tl�at manner.Bonower shaU pay them on time direcdy .
<br /> ' � . 1 to the person owed payment. Borrower shall prompdy fumish to Lender all notices of amounts to be paid under this pata�raph. .
<br />���f� 4 If Borrower ma�Ces these payments directly.Bonower shall promptly fumish to Lender receipts evidencing the payments. . .
<br /> ��' • � Borrower shall prompdy discharge any lien which has prioriry wer tlus Security Instniment unless Borrower: (a)agrees in � . ,
<br /> �.� . . � writing to the payment of the obligadon sec;ured by the lien in a ivanner acceptable to Lender;(b)contests in gaod faith the lien �.
<br /> • by, or defends against euforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the . � .
<br /> •. ' ' enforcement of the lien;ar(c)secures from the holder of the lien an agreement satisfactory to Lender suborclinating the lien to • •
<br /> � • ` this Security lactiument. If Lender detertnines that any part of the Properry is subject to a lien which may attain priority over � ' .
<br /> i this Security Inmumen� Lencter may givr Banower a notice identifying the lien. Bonower sl�all satisfy the lien or take one or �
<br /> more of the acdons set fonh above within 10�ays of the giving uf nuticx. �
<br /> �, . • Form 3028�l90 ,
<br /> .j��:. ���6H1N8!res�s�.o� vafle�o�e m�:�de:_�� ._ •
<br /> ;
<br /> ; � , � , ' .
<br /> - .' . . .
<br /> : •• : • .. . _ _
<br /> . ;�,, ._ :� . .�. . . . , . �- � ,
<br /> . � _ . _ . . . ._ .. . _ _ . ., .. ... _ � ., . . .. • ' • • . . . .. _ .. . . . . . , . . .
<br />
|